Vontobel Holding Ltd. Sells 46,675 Shares of Bristol Myers Squibb Company $BMY

Vontobel Holding Ltd. reduced its holdings in shares of Bristol Myers Squibb Company (NYSE:BMYFree Report) by 4.4% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,011,674 shares of the biopharmaceutical company’s stock after selling 46,675 shares during the period. Vontobel Holding Ltd.’s holdings in Bristol Myers Squibb were worth $45,626,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the business. Brighton Jones LLC boosted its stake in shares of Bristol Myers Squibb by 33.4% in the 4th quarter. Brighton Jones LLC now owns 19,728 shares of the biopharmaceutical company’s stock valued at $1,116,000 after purchasing an additional 4,935 shares in the last quarter. Jump Financial LLC acquired a new stake in shares of Bristol Myers Squibb in the first quarter valued at approximately $438,000. Caisse DE Depot ET Placement DU Quebec boosted its holdings in Bristol Myers Squibb by 32.9% in the first quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,081,939 shares of the biopharmaceutical company’s stock valued at $65,987,000 after acquiring an additional 267,723 shares during the last quarter. Harvest Portfolios Group Inc. boosted its stake in shares of Bristol Myers Squibb by 5.7% in the 1st quarter. Harvest Portfolios Group Inc. now owns 985,650 shares of the biopharmaceutical company’s stock valued at $60,115,000 after purchasing an additional 53,005 shares during the last quarter. Finally, PKS Advisory Services LLC grew its holdings in Bristol Myers Squibb by 7.1% during the 1st quarter. PKS Advisory Services LLC now owns 5,757 shares of the biopharmaceutical company’s stock worth $349,000 after acquiring an additional 384 shares during the period. Institutional investors and hedge funds own 76.41% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on BMY. Bank of America raised Bristol Myers Squibb from a “neutral” rating to a “buy” rating and upped their price target for the company from $52.00 to $61.00 in a research note on Monday, December 15th. Wells Fargo & Company increased their target price on shares of Bristol Myers Squibb from $53.00 to $55.00 and gave the stock an “equal weight” rating in a report on Wednesday, December 10th. The Goldman Sachs Group reissued a “neutral” rating and issued a $57.00 price target (up previously from $51.00) on shares of Bristol Myers Squibb in a report on Tuesday, December 2nd. Sanford C. Bernstein restated a “market perform” rating on shares of Bristol Myers Squibb in a research report on Monday, November 3rd. Finally, Truist Financial set a $65.00 target price on Bristol Myers Squibb in a report on Wednesday, December 3rd. Six investment analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Bristol Myers Squibb presently has a consensus rating of “Hold” and an average price target of $54.62.

Check Out Our Latest Report on Bristol Myers Squibb

Key Bristol Myers Squibb News

Here are the key news stories impacting Bristol Myers Squibb this week:

Bristol Myers Squibb Price Performance

Shares of NYSE BMY opened at $54.37 on Wednesday. The company has a fifty day moving average price of $48.16 and a 200 day moving average price of $47.22. The firm has a market cap of $110.69 billion, a PE ratio of 18.37, a PEG ratio of 8.37 and a beta of 0.29. The company has a current ratio of 1.27, a quick ratio of 1.17 and a debt-to-equity ratio of 2.39. Bristol Myers Squibb Company has a 1-year low of $42.52 and a 1-year high of $63.33.

Bristol Myers Squibb (NYSE:BMYGet Free Report) last issued its quarterly earnings results on Thursday, October 30th. The biopharmaceutical company reported $1.63 EPS for the quarter, beating analysts’ consensus estimates of $1.52 by $0.11. Bristol Myers Squibb had a return on equity of 76.53% and a net margin of 12.57%.The company had revenue of $12.22 billion for the quarter, compared to analyst estimates of $11.75 billion. During the same period in the previous year, the company posted $1.80 earnings per share. The company’s quarterly revenue was up 2.8% compared to the same quarter last year. Bristol Myers Squibb has set its FY 2025 guidance at 6.400-6.600 EPS. Research analysts predict that Bristol Myers Squibb Company will post 6.74 earnings per share for the current fiscal year.

Bristol Myers Squibb Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, February 2nd. Stockholders of record on Friday, January 2nd will be issued a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a dividend yield of 4.6%. This is a boost from Bristol Myers Squibb’s previous quarterly dividend of $0.62. The ex-dividend date is Friday, January 2nd. Bristol Myers Squibb’s dividend payout ratio is 83.78%.

Bristol Myers Squibb Profile

(Free Report)

Bristol Myers Squibb is a global biopharmaceutical company headquartered in Princeton, New Jersey, focused on discovering, developing and delivering medicines for serious diseases. The company’s core activities include research and development, clinical development, manufacturing and commercialization of prescription pharmaceuticals across multiple therapeutic areas. BMS concentrates on advancing therapies in oncology, hematology, immunology, cardiovascular disease and specialty areas through both small molecules and biologics.

BMS’s marketed portfolio and late‑stage pipeline reflect a strong emphasis on cancer and immune‑mediated conditions.

Read More

Want to see what other hedge funds are holding BMY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Bristol Myers Squibb Company (NYSE:BMYFree Report).

Institutional Ownership by Quarter for Bristol Myers Squibb (NYSE:BMY)

Receive News & Ratings for Bristol Myers Squibb Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bristol Myers Squibb and related companies with MarketBeat.com's FREE daily email newsletter.